@StockOptionCole People have been complaining about these minimums for ages. Now that it comes in a clearly oversubscribed IPO, you complain.
Couldn’t it simply be Fidelity saving face, and doing what competitors have done for a while? The simple answer?
@Automoto415792 Why do you think many will? They’ve had such long tenure at the company for a reason, and it isn’t just economic. SpaceX is truly special.
@CapitalObserver It’s next week. Besides, just yesterday I saw tons of people theorizing that it wont even be fully subscribed, explaining the heavy retail push.
I think SpaceX IPO will be great. What happens the days and weeks after though, is anyone’s guess.
@yacineMTB Why Miami? Isn't that the secondary financial hub (After NYC) in the US? California would make sense, but what about Texas? Isn't the future of manufacturing in the US more in Texas than Cali?
@SamanthaLaDuc Crazy selective look into how things are going. You could just as easily have painted the opposite picture with the exact same list of events.
@JoHei13 It would have had a negligible effect. But yeah, also pleased that S&P wont buy right on IPO.
Do also think however that in this day and age, the requirement to join the index was overdue for a change though.
@johnnymaseX Well, Elon does seem to have a linking towards Retail, as they've generally stuck with him more. We're seeing tons of signs that this is oversubscribed for a while, and institutions clearly have high interest in this as well. Why else would he allocate so much to retail?
@MayneReport Well, what did you expect them to answer? There is clear interest from Retail in joining this IPO, even if its valuation is bonkers.
The stock market has been like this for a while.
@BenjaminDEKR AI has been a major thing for 5 years, and only for the last 2 has it been clear that there are major future bottlenecks that need fixing.
It’s hard to plan for a technology that hasn’t been invented yet. And one could argue Starlink actually somewhat did plan for it.